Davidson, who joined Redwood in 2018, just months after its launch, has more than 35 years of financial services experience. He spent two decades in senior roles at Lloyds Banking Group before holding roles across a number of challenger banks. At Redwood, he was most recently director of products and strategy.

As CCO, Davidson will lead efforts to expand the specialist bank’s lending book and evolve its overall product proposition.

He takes on the CCO role at a time when professional landlords are seeking surety from lenders to expand and diversify portfolios and business savers are navigating changes in interest rates.

Davidson commented: “The past few years have been marked by changes in regulation, economic instability and frequent base rate changes.

“These factors have made planning more difficult across the sector, particularly for business banks. But they’ve also reinforced the importance of agility, strong partnerships and staying close to the needs of our brokers and customers.”